SURREAL??==> NESTLE FORECAST N31.75B IN REVENUE FOR Q2 2013, 44% LOWER THAN Q2 2012 RESULTS

Deprecated: mb_convert_encoding(): Handling HTML entities via mbstring is deprecated; use htmlspecialchars, htmlentities, or mb_encode_numericentity/mb_decode_numericentity instead in /var/www/nairametrics/wp-content/themes/nairametrics/functions.php on line 104

Nestle Nigeria Plc has forecasted N31.75billion turnover for the second quarter ending June 2013. They also project a post tax profit of N5.03billion for the same quarter. This is a rather strange projection as it is a massive 44% lower than the N56.67billion posted last year.

I find the projections hard to believe as it sounds more like first quarter projection to me. Besides most results published on the website of the NSE are sometimes fraught with errors.

Their share price closed at N900 today (March 5, 2013)

See the accounts below

NESTLE EARNINGS FORECAST Q2 APRIL – JUNE 2013

NESTLE EARNINGS REPORT Q2 APRIL – JUNE 2012